Espial Cloes ANT Buy
OTTAWA -- Espial® Group Inc. ("Espial" or the "Company"), (TSX: ESP), a leader in on-demand TV software and solutions, today announced that it has completed the previously announced acquisition of ANT plc ("ANT"). After initially entering into a co-operation agreement with ANT on Nov. 30, 2012, Espial has purchased all of the outstanding shares of ANT in exchange for all cash consideration of £0.205 per outstanding share. The acquisition values the issued ordinary share capital of ANT at approximately £5 million. "Delivering a high-quality user experience across set-top boxes, smart TVs, tablets, and smartphones is crucial to the success of today's TV service providers," said Jaison Dolvane, CEO of Espial. "The ANT acquisition further strengthens Espial's position as an HTML5 market leader to help to accelerate TV service providers' transition to IP video delivery." Espial Group Inc.